The CNN article today says that “Gas prices have jumped nearly 20 cents over the past two weeks, approaching the all-time high…” of $4.11 set in July 2008. Publisher Trilby Lundberg said, “This doesn’t mean that we will get there.” “Crude oil will decide.”

At a time when large numbers of Americans are out of work, when Republicans and Democrats are competing with each other to pass stupid laws and overturn GOOD ones, and vast numbers of American jobs have been offshored by “American” companies, we see outrageous price increases in gasoline that gouge the Americans who still have jobs and must commute! (Nevermind that the costs for college for their kids in California ALSO increased about 30% last year, with no sign of stopping…!)

The Lundberg survey taken last Friday found that the lowest average price for gasoline was in Tucson, AZ at $3.41 and the HIGHEST average price (BIG surprise! 😉 ) was in the San Francisco Bay Area, at $4.13!

Lundberg says:

“Unless crude oil relents and slips, we can expect a further rise at the pump because pump prices do not reflect all of the crude oil price hikes that have occurred.”

A related article, in CNNMoney.com, says that some believe that high oil prices may negatively impact BOTH consumer spending and corporate earnings later this year and others believe that high oil prices might help stocks in the long run because the Federal Reserve may keep its rates near zero.

Personally, I revised the word “feel” in the CNN article to “believe,” because I don’t think that these folks “feel” ANYTHING (or THINK anything, for that matter). They are callously pursuing their greed and living their lives in their wallets.

Oh, why did I top off the tank on the Honda Shadow Spirit VT1100C? Because, at 50 miles/gallon, I think that I am going to be riding it A LOT over the next few months.